Titlebook: Behavioral Decision Theory; Psychological and Ma Kazuhisa Takemura Book 2021Latest edition The Editor(s) (if applicable) and The Author(s),

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The Physical Basis for Climate Change,t based on expected utility theory. This chapter will first explain the axiomatic system of expected utility theory, then how to approach the axiomatic system, with introduction of some counterexamples. A study of one theory of decision-making that derives a group of axioms expressing decision-makin

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Arnab Barua,Mrinmoy Majumder,Rajib Dassion making under uncertainty. There is, however, a phenomenon called the framing effect which cannot be explained in its essence by the body of utility theory. The framing effect refers to phenomena in which preference is reversed even for the same decision making problem because of changes in pers

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https://doi.org/10.1007/978-981-16-5453-4Behavioral Decision Theory; Behavioral Economics; Decision Theory; Economic Behavior; Measurement theory

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978-981-16-5455-8The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Singapor

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Decision-Making Phenomenon and Behavioral Decision Theorydies and which explains how decision-making under certainty, risk, and uncertainty can be understood. Consequently, the way in which behavioral decision theory is positioned in the study of decision-making and how it is related to other theories of decision-making are explained.